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Armenian State Budget-2006 Will Exceed $1 Billion

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  • Armenian State Budget-2006 Will Exceed $1 Billion

    ARMENIAN STATE BUDGET-2006 WILL EXCEED $1 BILLION

    Regnum, Russia
    Oct 13 2005

    Armenian state budget-2006 will exceed $1 billion, that is the
    first time in the history of the independent country, said Armenian
    Prime-Minister Andranik Margaryan. As it has been in the last three
    years, this is a social budget.

    As a REGNUM correspondent informs, during the discussion of the
    budget draft, the government proposed to the parliament to approve
    the budget as follows: revenues - 382 billion dram, expenses -
    451 billion dram, deficit - 69.9 billion dram. According to Finance
    Minister Vardan Khachatryan, this year's deficit is only 3%, that
    meets the requirements of the EU. Also, in 2006 wages and pensions
    will be raised.

    The prime minister informed that 38% of all the expenses will be put
    on social needs. The revenues will be 52.7 billion drachms higher
    then in 2005, the deficit decrease has raised from 30% to 47% thanks
    to using internal recourses.
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